Buying my Freehold anyone help ?

T

The Badger

Active member
 Manchester U.K.
Hi guys wonder if anyone out there can help ?
I have just applied to buy the freehold on a house I have just bought !
Here is the question - The land owning company have offered me an all inclusive price just fill in a form and send a cheque ?
It all seems too simple ? Is it as easy as that ?
Any advice would be helpful !
 
I'm no expert, but this is exactly what I did 8 years ago. Sent a cheque used their solicitor if I remember rightly and everything came back plans paperwork etc. All very simple really.
I suppose if there is a problem I'd find out if we ever moved.
 
Same here, what happens is these company's buy the lease for your property usually the full street, from the lease holders who make a pittance annually on tiny rents, by law they have to give you the option to purchase it . you should deffo do this as in the future you have to get permission do any work on your property from the lease holder Replacing windows etc; they can then charge you a fee.
 
Confused® said:
Same here, what happens is these company's buy the lease for your property usually the full street, from the lease holders who make a pittance annually on tiny rents, by law they have to give you the option to purchase it . you should deffo do this as in the future you have to get permission do any work on your property from the lease holder Replacing windows etc; they can then charge you a fee.
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Brill thanks ! It just seemed "too easy" the " just send a cheque and we'll do the rest" was concerning me !
 
Think It' pretty straight forward. Just double check with your local land registry office if anything else is needed.
 
yep that easy, you will get everything back in the post, keep all correspondence for your peace of mind.
 
If it was me I would get it done through a solicitor to save any problems later on,I would say that though as my wife works in a solicitors. :thumbsup:
 
If it were me I would first seek advice to ascertain if the amount being asked is realistic and a correct current market price. There are specialist organisations who provide this service.
 
A lot of new builds do this. Let's say it's £50 a month for the lease, they may offer to sell it to you for £10,000. You need to consider how long YOU will live there and how much it MAY increase the value if it was freehold. Sneaky buggers!
 
Yes, all as above - nothing to add apart from don't hesitate to buy it. We bought ours when we bought the house new, just lumped it onto the mortgage.

We did however have problems when we went to buy a house we really liked a few years ago. After things had been progressing ok for 3 months we had a a call from our solicitor to tell us the there was a problem with the land owners on the leashold property we were intending to buy. It had a huge extension with a double garage but it turned out the owners hadn't informed or asked permission from the land owners to have it built, so they got a bit crappy about it and wanted over £2000 to transfer the lease. The cheeky seller had asked her solicitor to ask us to go half! She was to told to sod off. It all got a bit messy after that so we pulled out when it had been dragging on for ages.

We also found out later that the husband of the woman vendor was in prison - apparently he was a big drugs dealer in the Greater Manchester area and got caught.
 
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